How do I Invest in Nervos CKB if I live in North America using Voyager?
How do I Invest in Nervos CKB if I live in North America using Voyager?
Can Nervos see 20x or higher its current price in the near future?
In this 3 part series, we are going to discuss the following:
How do I purchase Nervos CKB in North America?
How do I lock those purchased funds in the Nervos DAO for staking rewards?
How do I purchase Nervos CKB globally with Binance and lock those funds in the Nervos DAO for staking rewards?
Let’s begin.
Decentralized Finance or DeFi is where it is at right now when it comes to investing. DeFi is providing financial services using smart contracts. A smart contract is simply an automated enforceable agreement that takes out the middleman (i.e, banks and lawyers) using blockchain technology instead.
According to veteran crypto investor Matthew Roszak, DeFi has grown to an $80 billion industry in 2021.
Examples of DeFi includes: Uniswap, Chainlink, Aave, Pancakeswap, Compound, Yearn.Finance and MakerDao.
Decentralized exchanges (DEX) allow cryptocurrency traders to buy and sell without having to go through an intermediary or custodian. Popular DEXs are shown below:
A great story is Matic; it sat at .005 roughly 2019 - 2021 before taking off to 2.70. Can you imagine if you invested 5000.00. That is a 2.7 million dollar profit if you sold near the top.
The reason I am telling you this is because, I am seeing a similar pattern with Nervos CKB. This coin is traveling on the same trajectory as Matic. CKB sat at .005 and then came to life.
Investing in Nervos CKB prior to their layer 2 going online and prior to their DEX Yokaiswap going live allows you the opportunity many had or missed with Matic. Jump on the boat now!
Nervos Network describes itself as an open-source public blockchain ecosystem and collection of protocols. The Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain protocol of the Nervos Network. It reportedly allows any crypto-asset to be stored with the security, immutability and permissionless nature of Bitcoin while enabling smart contracts and layer 2 scaling. It aims to capture the total network value through its "store of value" crypto-economic design and native token, the CKByte (CKB).
If history repeats itself, Nervos CKB can go up 10x with a live DEX and potentially an additional 10x with a robust DeFi ecosystem that includes high TVL and competitive APY’s.
Are you excited? Can you see the possibilities? I sure can and that is why I have invested and I started the blog Everything Nervos.
How do I begin Investing in Nervos CKB?
The easiest way to get started in North America is to invest in Nervos CKB on Voyager. To get started simply download Voyager on your mobile phone on either Android or Apple.
After you download the app, simply sign-up with the following:
Email
Strong Password
Full Name
Date of Birth
Address
Once you are signed-up, you have the ability to deposit cash by connecting your bank.
Tap Deposit Cash and select your Bank. After linking your bank, tap Deposit Cash and choose an amount. For purposes of this post, I’ll choose 10.00.
Slide to Deposit USD. I now have 10.00 in USD.
Let’s now purchase some CKB by tapping the purchase button as shown below.
Tap the Magnifying glass on the top right-hand corner and type ckb. Next, Tap Buy CKB.
Choose the Amount you want to purchase and Slide to Buy CKB.
You now own CKB and can even setup a Recurring Buy to Dollar Cost Average (DCA) over time. You can check your portfolio at any time within the app to see how your investment is doing and sell at any time.
To the Moon :-)
NOTE: You do not have the ability at this point in time to transfer your holdings out of Voyager.
If you are interested in purchasing CKB in North America in other ways besides Voyager, see the following posts below:
In my next post, we will show how to take your existing Nervos CKB you purchased in the above platforms and transfer that purchase to the Neuron Wallet/Portal Wallet to stake in the Nervos DAO for APY rewards.